How do you kill a Zombie company? By having an interest rate rise of course! Zombie business’ numbers drop to record low. In November 2015 we reported that Zombie companies-those businesses that can just about pay the interest on their bank debts, but little else, had seen a dramatic decline . Well, the decline continues, according to research commissioned by our trade association R3. Figures published this week, based upon findings by international market research company BDRC, have revealed that the proportion of businesses only paying interest on their debts-equivalent to 49,000 firms-is now the lowest it has been since R3 began tracking the Zombies in June 2012. Here are the trend percentages: November 2012: 9% August 2014: 9% November 2015: 8% September 2016: 8% April 2017: 5% December 2017: 3% Back in November 2015, the same research model revealed that some 77,000 businesses believed that they would be unable…
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